Silakkuagvik Communication Inc

Analysis

Silakkuagvik Communication Inc is a registered charity in United States, based in Barrow, AK. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Silakkuagvik Communication Inc reported income of $796k and spending of $695k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $665k to $796k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silakkuagvik Communication Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within AK. Charities of a similar size with the same main cause include New Native Theatre ($796k), Muslim American Society of New Yorkinc ($796k) and Fresnoland Media ($796k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.2m against liabilities of $420k, net assets of $827k. It reported 5 employees.